Nevada battery facilities receive $107 million in federal grants

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The Biden Administration announcement that two battery manufacturing plants in Nevada would receive approximately $107 million in federal funding. The funds are part of $2.8 billion in grants the Department of Energy has awarded to 20 processing and manufacturing companies in 12 states.

The developer of one of the Nevada projects, American Battery Technology Company, said it would build a site to manufacture battery-grade lithium from unconventional landscapes. The company added that the cost and environmental impact of manufacturing lithium products on site would be relatively low.

Lilac Solutions, meanwhile, said it would use its funding to develop an original extraction technique. According to the company, the process could make mining lithium from underground saltwater and ore deposits more commercially viable in the United States. The office of Sen. Catherine Cortez Masto, D-Nev., said the projects would support 300 jobs in the state, which is home to North America’s only active lithium production facility.

“Nevada is leading the way in domestic battery manufacturing and recycling,” Cortez Masto said. She added that the investments will boost global competitiveness.

President Biden recently announced the grants under the administration’s American Battery Materials Initiative, which aims to increase manufacturing of electric vehicle batteries in the United States. The Department of Energy said the United States produces about 9% of the world’s battery cells.

Image Credit: P5h / Shutterstock.com

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